what is stated at the core of the income statement? dividends multiplied by expenses equals earnings revenue…
what is stated at the core of the income statement? dividends multiplied by expenses equals earnings revenue minus expenses equals net income retained earnings divided by dividends equals profit
Answer
Brief Explanations:
The income statement's core is the calculation of net income. Revenue is the total income from operations. Expenses are the costs incurred. Subtracting expenses from revenue gives net income. Dividends relate to profit distribution, not the core calculation. Retained earnings are part of equity, not directly in the income - statement core formula.
Answer:
revenue minus expenses equals net income